Czech National Bank Grows Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Czech National Bank raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 314,999 shares of the bank’s stock after purchasing an additional 19,123 shares during the period. Czech National Bank’s holdings in Huntington Bancshares were worth $5,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Asset Dedication LLC grew its stake in Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the period. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the third quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares in the third quarter valued at $31,000. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares in the 3rd quarter worth about $32,000. Finally, UMB Bank n.a. lifted its holdings in shares of Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after acquiring an additional 728 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock worth $757,356 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HBAN has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on shares of Huntington Bancshares in a research note on Tuesday, January 7th. They set a “buy” rating and a $19.00 price target on the stock. Evercore ISI increased their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays raised their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.76.

Huntington Bancshares Stock Up 2.7 %

HBAN stock opened at $17.04 on Thursday. The firm’s 50-day moving average is $17.09 and its two-hundred day moving average is $15.40. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. Huntington Bancshares Incorporated has a 52 week low of $12.02 and a 52 week high of $18.44. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.